Looks like DOGE is proving quite efficient at destroying government revenue sources. From Josh Marshall over at TPM: “The Post reports today that the IRS’s internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced tax receipts by more than $500 billion by April 15th. This, […]
How Can that Be? It must really bother Trump to know this. And for the US, Trump’s posturing will make the United States Economy even smaller. Is the Sleeping Giant Awakening? Paul Krugman Travel day; in fact, filing from the airport lounge. And I can’t really say that I learned a lot — no conversations […]
– by New Deal democrat No significant new economic news today, so let me follow up on Wednesday’s post about production and sales. The high frequency indicator I follow on the manufacturing side is the new orders components of the manufacturing indexes published each month by five of the regional Feds. As I wrote Wednesday, these […]
The FED slashes its growth rate for 2025 from 2% to 1.7%. I suspect they are hopelessly being optimistic unless they are thinking someone will finally come to their senses. Mabe? I think not. One far out assumption I read earlier this week was Trump attempting to crash the economy and then turn it around […]
More detail on the drivers of inflation. The first two charts are touch charts. You can get a better view of the size of the segment and the rate at the site itself. As you can see, housing transportation and food were the larger components. At various times one would be larger than the other. […]
Not quite the same as in the sixties when colleges were defiant to government intervention. And there were presidents and other government officials who would intercede on campuses. Kent State was the site of deaths and shooting of students by an untrained military who were in too deep over their heads and acted out of […]
Nov 22, 2024, Court grants challenge to FCC subsidies over nondelegation doctrine, SCOTUSblog Schools Health & Libraries Broadband Coalition or SHLB, advocates for policies and programs that enable anchor institutions to obtain and promote open, secure, high-quality broadband services to support connectivity and opportunity for all in the US. This would include areas having a […]
A federal broadband official departed the US government with a warning that a Trump administration plan will strand rural Americans with worse Internet access in order to help Elon Musk secure public money for Starlink. Evan Feinman . . . In “an email to his former colleagues while on his way out the door Sunday […]
– by New Deal democrat Let’s take our weekly look at initial claims, the first indicator that should show stress in any rising unemployment scenario. Last week initial jobless claims rose 2,000 to 223,000, and the four week average rose 750 to 227,000. With the typical one week delay, continuing claims rose 33,000 to 1.892 million: […]
Short piece, but the point is clear. There is not much to be gained by going after Labor even if they are part of the Federal Government. There are better ways to administer some programs which will save $billions. Senators and Representatives are not efficiency conscious when promoting their states and communities. Nor are their […]